This property is no longer on the market
8 bedroom block of apartments
Key information
Property description & features
- Tenure: Freehold
- A mixed residential/commercial investment
- Four 2 bedroom flats and 2 commercial units
- Current income in excess of £47,000 PA
- Situated in the heart of the town centre
- Enquire for EPC's
A rare opportunity to acquire a mixed residential/commercial investment property which is currently let and producing just over £47,000 PA. Currently comprising of four 2 bedroom flats and two commercial retail unit both used as clinics, the property is situated in the heart of this vibrant town and close to the railway station which is on the main Manchester to London West Coast line. There are excellent shops and facilities within the town and the road network brings all the South Manchester towns and cities within easy reach. In addition, the Peak District is on the door step. Please call for our full fact sheet for more comprehensive information on this exciting opportunity together with EPC's and rateable value's. The tenure of the property is understood to be Freehold.
Income
We are informed by our client that the property currently receives the following income:
Flat 1, 40 Charlotte Street - £560 PCM; £6,720 PA
Flat 2, 40 Charlotte Street - £600 PCM; £7,200 PA
Flat 3, 40 Charlotte Street - £595 PCM; £7,140 PA
Flat 44 Charlotte Street (currently occupied by the owner who will sign an AST upon completion at £600 PCM; £7,200 PA
Clinic @ Charlotte Street - £583 pcm; £7,000 PA
Clinic @ Sunderland Street - £1,000 PCM; £12,000 PA (tenant just vacated, new tenant in negotiations)
Total income assuming fully let at completion (including amount to be paid by current owner remaining in Flat 44) - £3,938 PCM; £47,260 PA
EPC’s:
Flats 1, 2 and 3, 40 Charlotte Street – Band D
44 Charlotte Street (2 bed flat) – Band D
40 Charlotte Street (Ground floor retail) – TBC
29/31 Sunderland Street (Ground floor retails) – D
Rateable Value
40 Charlotte Street - £4,550.00
29/31 Sunderland Street - £7,200.00
Places of interest
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Property reference EM-143811. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Meller Braggins - Knutsford.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area
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